personal-bankruptc

     7 Million Searchable Bankruptcy Files. Stop paying for leads!

Bankruptcy Database

Thongchai Suwansap - Los Angeles, California

Debtor:

ᐅ Suwansap, Thongchai - Los Angeles, California (Court Case:2:14-bk-28940-RN)

Bankruptcy filed - October 2014, discharged - January 2015
Full Name: Thongchai Suwansap 
Court Case:   2:14-bk-28940-RN
Chapter 7: In the framework of Chapter 13 bankruptcy, a structured repayment plan is central, differing significantly from scenarios where assets are liquidated to satisfy debts. Here, rather than resorting to the sale of the debtor's nonexempt property, a managed plan allows for debt resolution while the debtor retains their property. This method involves organizing payments to creditors, overseen by a trustee, without the need to liquidate assets. It's designed to protect certain assets from being sold, providing a path for debtors to avoid the potential loss of property while addressing their financial obligations.
Filed: October 05, 2014
Discharged: January 03, 2015